Senate Republicans chooses Wall Street OVER taxpayers

[Bfgrn]

Senate Republicans blocked Democrats from voting on three amendments Tuesday that are strongly opposed by Wall Street.

Sen. Richard Shelby of Alabama, the top-ranking Republican on the Banking Committee, rose to object to a vote on one of the most talked-about amendments, cosponsored by Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.). Levin-Merkley would ban commercial banks from trading for their own benefit with taxpayer-backed money.

Shelby also objected to an amendment from Sen. Kay Hagan (D-N.C.) that would rein in predatory practices of payday lenders and one from Sen. Byron Dorgan (D-N.D.) that would have banned naked credit default swaps, which were at the heart of the financial crisis.

Wall Street lobbyists, and consequently Senator McConnell and the Republicans, want to kill the Merkley-Levin amendment by attrition because they're afraid of losing a vote.

If this isn't a sign of the Republicans having the backs of the big banks on Wall Street over the American people, I don't know what is."

Whole article...

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[martybegan]

I love rhetoric like this. So if wall street people arent americans what the hell are they?

 

[hortysir]

Meanwhile the Demo-Libs block a bill that would stop funneling an endless stream of cash to Fannie and Freddie:

Congress.org - : Key Votes

So, nanner-nanner-boo-boo

 

[Bfgrn]

I love rhetoric like this. So if wall street people arent americans what the hell are they?

Yea sucker, corporations are people too...

There are 2 types of Republicans; millionaires and suckers.

 

[Barb]

douche bags, one and all.

 

[California Girl]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

 

[Oddball]

Are the Democrat base all stupid?

Yes.

 

[Truthmatters]

HAHAHAHAHAHAHAHA,

Jesus , you are sooo desperate to defend the people who caused this mess for the American people .

 

[Stephanie]

Are liberals from the Democrat party all just useful sheep for the party?

sheesh.

 

[Barb]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

Their own fuck ups?

That's like blaming the maid because you stained the sheets.

 

[rdean]

Look at the white wingers defending Wall Street and the rape of the American economy.

 

[Stephanie]

Look at the white wingers defending Wall Street and the rape of the American economy.

oh brother, can we get a little more dramatic.

 

[California Girl]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

Their own fuck ups?

That's like blaming the maid because you stained the sheets.

If you honestly believe that both parties did not know what was going on, that both parties were absolutely fine with it, that both parties financially benefited from it, then you are a fool.

Fucking politicians are such damned hypocrites - and that people defend them is beyond stupid.

And... instead of engaging the brain and critically looking at the facts of what happened, they whine about others 'defending Wall Street'.... I'm not 'defending' anyone.... I'm apportioning blame.... because that is what intelligent people do.

 

[Oddball]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

Their own fuck ups?

That's like blaming the maid because you stained the sheets.

And what you're doing is expecting the arsonist to put out the fire.

 

[Bfgrn]

Meanwhile the Demo-Libs block a bill that would stop funneling an endless stream of cash to Fannie and Freddie:

Congress.org - : Key Votes

So, nanner-nanner-boo-boo

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

Sens. McCain, Shelby, and Gregg have proposed an amendment to the Wall Street reform bill that would radically reshape Fannie Mae and Freddie Mac, severing all federal involvement with these mortgage securitization government-sponsored enterprises (GSEs) within 24 months. The McCain amendment is reckless, poorly thought out, and poses significant risk to housing markets that have only recently begun to stabilize, threatening the broader economy.

Major reforms of the housing finance system are clearly necessary, as we can’t go back to the system of the past, and the status quo of GSEs under federal conservatorship is untenable. But such changes must be thoughtful and deliberate. In the near term, we must ensure that any changes affecting the federal role in Fannie Mae and Freddie Mac do not jeopardize the fragile economic recovery, and over the long term, we must be careful in structuring the housing finance system in a way that guarantees continued mortgage liquidity with minimal economic disruptions.

The McCain amendment falls short in several respects:

* It poses significant risk to the economic recovery
* It fails to ensure that sufficient mortgage credit will be available in the future
* It neglects to replace the public purposes served by the GSEs

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

--------------------------------------------------------------------------------------------------
Senator McCain should stick to HIS solution to fix our economy; eliminate earmarks...

The pea brain party supported by the pea brain coalition...DUD and Cali gal...

 

[editec]

I love rhetoric like this. So if wall street people arent americans what the hell are they?

Internationalists, obviously.

They're all about liberating CAPITAL from the chains of national oppression, but big on keeping those nationalistic chains lightly wrapped around the necks of the peasants (that would be you and me, BTW) here in the USA.

You need an example of that?

FREE TRADE.

The dumbest fucking national policy this nation has ever devised....dumb for the nation, good for the INTERNATIONALIST class that dominate WALL STREET.

Sad but true.

 

[rdean]

Meanwhile the Demo-Libs block a bill that would stop funneling an endless stream of cash to Fannie and Freddie:

Congress.org - : Key Votes

So, nanner-nanner-boo-boo

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

Sens. McCain, Shelby, and Gregg have proposed an amendment to the Wall Street reform bill that would radically reshape Fannie Mae and Freddie Mac, severing all federal involvement with these mortgage securitization government-sponsored enterprises (GSEs) within 24 months. The McCain amendment is reckless, poorly thought out, and poses significant risk to housing markets that have only recently begun to stabilize, threatening the broader economy.

Major reforms of the housing finance system are clearly necessary, as we can’t go back to the system of the past, and the status quo of GSEs under federal conservatorship is untenable. But such changes must be thoughtful and deliberate. In the near term, we must ensure that any changes affecting the federal role in Fannie Mae and Freddie Mac do not jeopardize the fragile economic recovery, and over the long term, we must be careful in structuring the housing finance system in a way that guarantees continued mortgage liquidity with minimal economic disruptions.

The McCain amendment falls short in several respects:

* It poses significant risk to the economic recovery
* It fails to ensure that sufficient mortgage credit will be available in the future
* It neglects to replace the public purposes served by the GSEs

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

--------------------------------------------------------------------------------------------------
Senator McCain should stick to HIS solution to fix our economy; eliminate earmarks...

The pea brain party supported by the pea brain coalition...DUD and Cali gal...

Only white wingers on this blog are still blaming the economic collapse on Freddie/Fannie.

All the economists, both left and right, blame it on Wall Street and deregulation.

Obviously, USMB bloggers know something no one else does. What other possible explanation could there be?

 

[Barb]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

Their own fuck ups?

That's like blaming the maid because you stained the sheets.

If you honestly believe that both parties did not know what was going on, that both parties were absolutely fine with it, that both parties financially benefited from it, then you are a fool.

Fucking politicians are such damned hypocrites - and that people defend them is beyond stupid.

And... instead of engaging the brain and critically looking at the facts of what happened, they whine about others 'defending Wall Street'.... I'm not 'defending' anyone.... I'm apportioning blame.... because that is what intelligent people do.

Sweetness? You did not mention both parties in the post I responded to. Additionally, within the two party system, we hire a new ADMINISTRATION every four years (unless we like the the first four), and they are hired to do a job. Now, iffin you like it or not, the two ADMINISTRATIONS of the previous 8 years burned the crops and sowed the fields with salt. Those affiliated WITH that administration are obstructing the clean up effort.
It is what it is.
It really is.

 

[Barb]

Is Obama still smarting cuz Wall Street refused to attend the recent Democrat Fundraiser in NYC.

After vilifying Wall St, the Dems have the balls to ask them for money and are surprised when Wall Street says 'fuck you'? Perhaps they should stop vilifying and scapegoating others and take some responsibility for their own fuck ups?

Are the Democrat base all stupid?

Their own fuck ups?

That's like blaming the maid because you stained the sheets.

And what you're doing is expecting the arsonist to put out the fire.

What was that? A segue? Not very good. As a metaphor it fares even worse. You got a solution? Let's hear it. Explain how it would benefit the economy as a whole and Americans, and not just the uber-wealthy, but all Americans.

 

[California Girl]

Meanwhile the Demo-Libs block a bill that would stop funneling an endless stream of cash to Fannie and Freddie:

Congress.org - : Key Votes

So, nanner-nanner-boo-boo

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

Sens. McCain, Shelby, and Gregg have proposed an amendment to the Wall Street reform bill that would radically reshape Fannie Mae and Freddie Mac, severing all federal involvement with these mortgage securitization government-sponsored enterprises (GSEs) within 24 months. The McCain amendment is reckless, poorly thought out, and poses significant risk to housing markets that have only recently begun to stabilize, threatening the broader economy.

Major reforms of the housing finance system are clearly necessary, as we can’t go back to the system of the past, and the status quo of GSEs under federal conservatorship is untenable. But such changes must be thoughtful and deliberate. In the near term, we must ensure that any changes affecting the federal role in Fannie Mae and Freddie Mac do not jeopardize the fragile economic recovery, and over the long term, we must be careful in structuring the housing finance system in a way that guarantees continued mortgage liquidity with minimal economic disruptions.

The McCain amendment falls short in several respects:

* It poses significant risk to the economic recovery
* It fails to ensure that sufficient mortgage credit will be available in the future
* It neglects to replace the public purposes served by the GSEs

McCain-Shelby-Gregg Amendment to S. 3217 Would Hurt, Not Help the Fragile Housing Market

--------------------------------------------------------------------------------------------------
Senator McCain should stick to HIS solution to fix our economy; eliminate earmarks...


The pea brain party supported by the pea brain coalition...DUD and Cali gal...

*Pointless pics removed for space*

Interesting, because Cali Gal is not a member of the GOP. And she isn't defending anyone - not Wall St, and not politicians - on either side.

Fact: Politicians on both sides knew of the shit happening in Wall St and did fuck all - other than take money from them. They were quite happy to take the fucking money and look the other way.

That's not 'defending' Wall Street.... it is critically analyzing information and reaching a logical conclusion.... That fucking politicians AND fucking Wall Street screwed up. What I really despise is this ridiculous ability to not see past the nose on your face. It is pathetic to constantly defend a bunch of corrupt assholes in DC.... These people would smile to your face, stab you in the back and expect you to be grateful to them.... and, what is really funny is that you are.

Fucking idiots.